What’s the most painful thing about losing money in the crypto world? It’s not misreading the market, but being trapped by some inexplicable, unverifiable, unpayable data. If this problem isn’t solved, blockchain will forever be just a gambling hall, and there’s no way to talk about a trustworthy financial system.
Looking around, how many projects—full of hype, piled with technical indicators, tokens skyrocketing tenfold on launch day—end up plunging straight into hell? Today, I don’t want to talk about technical parameters or development routes. I just want to ask the oldest and most deadly question: does this thing even need to exist?
Without it, are our lives better, or are some pitfalls forever unfillable?
**Core question: Who will patch the cracks in the blockchain’s foundation?**
Imagine this: what if tomorrow all oracles disappear collectively? What would happen to the DeFi system?
The answer is straightforward—collapse immediately.
Lending contracts don’t know how much your collateral is worth, derivatives trading can’t settle, cross-chain bridges become black holes with no return. But that’s not even the worst part. The real issue is: even if the oracles are still there, are the data we consume necessarily “true”?
There’s a particularly twisted phenomenon in this industry: we spend great effort developing an absolutely trustworthy ledger (that’s blockchain), but then let it run on completely unreliable data. Most oracles are like black box pipelines—one end inputs a string of numbers, the other end outputs a result. What’s happening in the middle? Nobody knows. If it errors? Users deserve the bad luck.
Some projects target exactly this crack. They’re not creating demand out of thin air, but tackling the core stubborn problem that the industry has been pretending not to see: if every step of code execution can be verified, why is data input an unregulated zone?
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ruggedSoBadLMAO
· 01-07 03:37
Oracles are just a weak point; who would trust a black box pipeline?
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OnchainUndercover
· 01-05 13:42
Oracles are just a joke; who would trust data coming from a black box pipeline?
View OriginalReply0
BanklessAtHeart
· 01-05 07:56
Oracles are indeed a cancer; data black boxes deserve to be smashed.
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ProofOfNothing
· 01-05 07:56
If the oracle collapses, the entire system fails—this is the real big joke.
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GasFeeSobber
· 01-05 07:43
Oracles are like timed bombs in the crypto world. Everyone knows where the problem lies, but no one really wants to solve it.
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GasSavingMaster
· 01-05 07:42
I've seen through the oracle pit long ago. Out of ten projects claiming their data is real, nine and a half are all talking nonsense.
Black box pipelines, you can't see anything in the middle. Isn't this just centralized facade?
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VitaliksTwin
· 01-05 07:37
Oracles are indeed a cancer, but to be honest, no one can completely solve it, just like asking who will supervise the supervisors.
What’s the most painful thing about losing money in the crypto world? It’s not misreading the market, but being trapped by some inexplicable, unverifiable, unpayable data. If this problem isn’t solved, blockchain will forever be just a gambling hall, and there’s no way to talk about a trustworthy financial system.
Looking around, how many projects—full of hype, piled with technical indicators, tokens skyrocketing tenfold on launch day—end up plunging straight into hell? Today, I don’t want to talk about technical parameters or development routes. I just want to ask the oldest and most deadly question: does this thing even need to exist?
Without it, are our lives better, or are some pitfalls forever unfillable?
**Core question: Who will patch the cracks in the blockchain’s foundation?**
Imagine this: what if tomorrow all oracles disappear collectively? What would happen to the DeFi system?
The answer is straightforward—collapse immediately.
Lending contracts don’t know how much your collateral is worth, derivatives trading can’t settle, cross-chain bridges become black holes with no return. But that’s not even the worst part. The real issue is: even if the oracles are still there, are the data we consume necessarily “true”?
There’s a particularly twisted phenomenon in this industry: we spend great effort developing an absolutely trustworthy ledger (that’s blockchain), but then let it run on completely unreliable data. Most oracles are like black box pipelines—one end inputs a string of numbers, the other end outputs a result. What’s happening in the middle? Nobody knows. If it errors? Users deserve the bad luck.
Some projects target exactly this crack. They’re not creating demand out of thin air, but tackling the core stubborn problem that the industry has been pretending not to see: if every step of code execution can be verified, why is data input an unregulated zone?